Business and City in Brief

French airline to start Gatwick run

French airline Air Liberte said it would open four links a week between Paris-Orly and Gatwick airports from 12 September. It had previously been refused landing rights at both Heathrow and Gatwick, but it claimed yesterday it had been granted four slots at Gatwick.

The company, which is privately owned, suggested that complaints it filed about unfair trading practices against the British airport authorities with the European Union Commission in Brussels might have caused the change of heart.

Steelworks plan

A consortium involving Philippine, South African and Taiwanese firms said it would buy British Steel's mothballed Ravenscraig plant in Scotland and transfer it to the Philippines at a cost of dollars 1.2bn.

Nuclear adviser

Nuclear Electric said it had appointed Morgan Stanley, the investment bank, to advise on detailed proposals for privatisation.

Sinking profits

Japan's 150 banks suffered an average 31.5 per cent decline in profit for the year to 31 March, the fifth successive year of profit falls.

BPB appointment

The plasterboard group BPB, due to announce full year results today, has appointed Jean- Pierre Cluny as chief executive from 1 August. His appointment follows the departure last July of John Maxwell after nine months in the job.

Persil tests

A consumer testing body is to re-examine the new Persil washing powder that critics say 'rots clothes'. The Good Housekeeping Institute had given its backing to the cleaning ability of Persil Power whose maker, Unilever, used the endorsement in advertisements. But the institute said it was withdrawing its support because Unilever had changed the make-up of the powder.

Boost for jobs

Samsung, the Korean electronics company, is to create 240 new jobs on Teesside in an pounds 11m investment programme over three years. It is expanding its television plant at Billingham.

Talks resume

Ford has resumed negotiations about co-operation with Mazda, the Japanese car maker in which it has a 24.5 per cent stake.

Magazine deal

Emap has acquired the magazines Land Rover Owner International and International Off- Roader and 4x4 for pounds 2.25m from LRO Publications.

WORLD MARKETS

New York: Profit taking erased an earlier gain to leave the Dow Jones Industrial Average down 2.59 points at 3,667.05.

Tokyo: Volatile trade dominated by the dollar's continued slide against the yen left the Nikkei average 158.23 lower at 20,481.

Hong Kong: Prices recovered most of the ground lost early in the session as the Hang Seng index closed 33.18 down at 8,640.31.

Sydney: The All Ordinaries index edged up 0.7 of a point to 1,975.1 in moderate trading.

Bombay: Failing to sustain an early advance ahead of today's end of the account, the index lost 53.41 points to 4,158.42.

Johannesburg: Losses across the board sent the overall index tumbling 65 points to 5,422.

Paris: Tracking the bond market throughout the session, the CAC- 40 index ended with a 10.57- point improvement at 1,936.33.

Frankfurt: Quiet trade lifted the DAX index 28.04 to 2,046.3.

Zurich: Futures-related buying improved the Swiss Performance Index 13.12 points to 1,737.01.

London: Report, page 38.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Mortgage Advisor - OTE £95,000

£40000 - £95000 per annum: Recruitment Genius: This is an exciting opportunity...

SThree: Trainee Recruitment Consultant

competitive: SThree: Are you passionate about sales?Do you have a keen interes...

Recruitment Genius: Loan Adviser - OTE £30,000

£17000 - £30000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: Sales Assistant / Buyer

£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...

Day In a Page

Isis in Syria: Influential tribal leaders hold secret talks with Western powers and Gulf states over possibility of mobilising against militants

Tribal gathering

Influential clans in Syria have held secret talks with Western powers and Gulf states over the possibility of mobilising against Isis. But they are determined not to be pitted against each other
Gaza, a year on from Operation Protective Edge: A growing population and a compromised and depleted aquifer leaves water in scarce supply for Palestinians

Gaza, a year on from Operation Protective Edge

A growing population and a compromised and depleted aquifer leaves water in scarce supply for Palestinians
10 best trays

Get carried away with 10 best trays

Serve with ceremony on a tray chic carrier
Greece debt crisis: EU 'family' needs to forgive rather than punish an impoverished state

EU 'family' needs to forgive rather than punish an impoverished state

An outbreak of malaria in Greece four years ago helps us understand the crisis, says Robert Fisk
Gaza, a year on from Operation Protective Edge: The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas

Gaza, a year on from Operation Protective Edge

The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas
How to survive electrical storms: What are the chances of being hit by lightning?

Heavy weather

What are the chances of being hit by lightning?
World Bodypainting Festival 2015: Bizarre and brilliant photos celebrate 'the body as art'

World Bodypainting Festival 2015

Bizarre and brilliant photos celebrate 'the body as art'
alt-j: A private jet, a Mercury Prize and Latitude headliners

Don't call us nerds

Craig Mclean meets alt-j - the math-folk act who are flying high
How to find gold: The Californian badlands, digging out crevasses and sifting sludge

How to find gold

Steve Boggan finds himself in the Californian badlands, digging out crevasses and sifting sludge
Singing accents: From Herman's Hermits and David Bowie to Alesha Dixon

Not born in the USA

Lay off Alesha Dixon: songs sound better in US accents, even our national anthem
10 best balsamic vinegars

10 best balsamic vinegars

Drizzle it over salad, enjoy it with ciabatta, marinate vegetables, or use it to add depth to a sauce - this versatile staple is a cook's best friend
Wimbledon 2015: Brief glimpses of the old Venus but Williams sisters' epic wars belong to history

Brief glimpses of the old Venus but Williams sisters' epic wars belong to history

Serena dispatched her elder sister 6-4, 6-3 in eight minutes more than an hour
Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

Greece referendum

Greeks say 'No' to austerity and plunge Europe into crisis
Ten years after the 7/7 terror attacks, is Britain an altered state?

7/7 bombings anniversary

Ten years after the terror attacks, is Britain an altered state?
Beautiful evening dresses are some of the loveliest Donatella has created

Versace haute couture review

Beautiful evening dresses are some of the loveliest Donatella has ever created